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The Dow no longer equals the average price of the $30$ stocks because the averaging procedure is adjusted whenever a stock splits or pays a stock dividend of more than $10\%$ or when one company in the group of $30$ industrial firms is replaced by another. When these events occur, the divisor used to compute are "average price" is adjusted so as to leave the index unaffected by the event.

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Bradley

True

False

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$19$

$20$

A Treasury bill is a $2-$year federal government securities issued at a discount from face by any of the $50$ U$.$S states and returning the face amount at maturity.

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True

False